Following a retender process, Amey has decided to drop HSS Hire Group as its tool supplier after nine years and move to another supplier.
The Amey equipment rental managed service contract had been worth around 拢25m a year in revenue to HSS, or 7% of group revenue, from which it made 聽拢2.4m profit, or 10% of adjusted Ebita, in 2023.
Last year Amey agreed a two year contract extension with HSS but has now decided to end it early in December 2024, subject to any transitional services that HSS may agree.
聽It also means that Amey employees will lose their 40% staff discount on HSS catalogue prices.
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